Whale "pension-usdt.eth" holds $56M leveraged ETH long position below entry price

The address "pension-usdt.eth" opened a 2x leveraged ETH long position worth $56 million at an average price of $2,825 on Dec. 1 at 21:00, Coinbob data show. The position has declined 1.78%, resulting in a floating loss of $460,000, and currently ranks second in ETH long holdings on Hyperliquid. Earlier on Dec. 1 at 09:00, the same address closed an ETH short position valued at approximately $18.1 million, recording a profit of about $900,000. The address has been executing swing trades with low leverage and large position sizes, maintaining an average holding period of 8 hours this week, with monthly profits reaching $9.96 million.